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BDS Corp just announced Dividends and Earnings per share of $12 and $16 respectively. It has a Net Profit Margin of 5%, Total Asset Turnover

BDS Corp just announced Dividends and Earnings per share of $12 and $16 respectively. It has a Net Profit Margin of 5%, Total Asset Turnover of 2.0 and a Total Debt Ratio of 20%, and a beta of 1.50. Treasuries currently yield 4%, and the market risk premium is 4%. What is BDS justified trailing P/E?

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